3,496 Shares in Abercrombie & Fitch Company $ANF Bought by Stoneridge Investment Partners LLC

Key Points

• Stoneridge Investment Partners LLC has acquired a new stake in Abercrombie & Fitch, purchasing 3,496 shares valued at approximately $267,000.
• Abercrombie & Fitch reported earnings per share (EPS) of $1.59 for the last quarter, exceeding analysts' expectations of $1.35, along with a revenue of $1.10 billion.
• Analysts have raised their price targets for Abercrombie & Fitch, with JPMorgan Chase increasing its target from $141.00 to $151.00, maintaining an "overweight" rating on the stock.

Stoneridge Investment Partners LLC acquired a new position in Abercrombie & Fitch Company (NYSE:ANF - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,496 shares of the apparel retailer's stock, valued at approximately $267,000.

Other large investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its stake in Abercrombie & Fitch by 197.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,647 shares of the apparel retailer's stock worth $1,119,000 after buying an additional 9,719 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Abercrombie & Fitch by 11.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,013 shares of the apparel retailer's stock worth $536,000 after buying an additional 698 shares during the period. GAMMA Investing LLC increased its stake in Abercrombie & Fitch by 81.5% during the 1st quarter. GAMMA Investing LLC now owns 1,917 shares of the apparel retailer's stock worth $146,000 after buying an additional 861 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Abercrombie & Fitch during the 1st quarter worth approximately $144,000. Finally, LPL Financial LLC increased its stake in Abercrombie & Fitch by 99.3% during the 1st quarter. LPL Financial LLC now owns 31,114 shares of the apparel retailer's stock worth $2,376,000 after buying an additional 15,500 shares during the period.

Abercrombie & Fitch Trading Up 1.7%

Shares of NYSE ANF traded up $1.7150 during mid-day trading on Monday, reaching $100.1750. The company had a trading volume of 601,023 shares, compared to its average volume of 2,415,665. The firm has a 50 day simple moving average of $91.07 and a two-hundred day simple moving average of $85.17. The stock has a market cap of $4.77 billion, a P/E ratio of 9.87 and a beta of 1.54. Abercrombie & Fitch Company has a 52-week low of $65.40 and a 52-week high of $170.76.

Abercrombie & Fitch (NYSE:ANF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The apparel retailer reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.24. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Abercrombie & Fitch had a net margin of 10.60% and a return on equity of 42.32%. The company's revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $2.14 EPS. Abercrombie & Fitch has set its FY 2025 guidance at 9.500-10.500 EPS. Q2 2025 guidance at 2.100-2.300 EPS. On average, equities analysts expect that Abercrombie & Fitch Company will post 10.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ANF. Citigroup reaffirmed a "neutral" rating and set a $105.00 target price on shares of Abercrombie & Fitch in a research note on Wednesday, August 20th. Raymond James Financial cut their target price on shares of Abercrombie & Fitch from $110.00 to $90.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 27th. Morgan Stanley increased their price objective on shares of Abercrombie & Fitch from $78.00 to $82.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Jefferies Financial Group dropped their price objective on shares of Abercrombie & Fitch from $170.00 to $135.00 and set a "buy" rating on the stock in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $125.00 price objective on shares of Abercrombie & Fitch in a research report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Abercrombie & Fitch has an average rating of "Moderate Buy" and a consensus target price of $112.75.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.